Kabuki financial theatre – Congress net worth up 15 percent from 2004 to 2010 while the average American sees their net worth decline by 8 percent in the same timeframe. Welcome to plutocrat USA.
We truly have the best government money can buy. From 2004 to 2010 members of Congress increased their median net worth by 15 percent while the average American saw it fall by 8 percent. Yet this fall in net worth does little justice to the rising cost of food, energy, healthcare, and college expenses that […]
What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.
Household income is a taboo topic even though people have a visceral enjoyment of spending their hard earned money. As we go out and spend during this holiday season many people have absolutely no clue what other family members or neighbors make. Some would argue that household income is absolutely private and I would agree […]
When the clock strikes 12 – the midnight economy of food assistance. Millions of people shop on the first of the month because electronic food assistance cards are credited. The lost wages of a decade and a Fed determined to bailout the world.
We have a serious economic crisis on our hands and the media simply fails to acknowledge it. You might be waking up to the first of the month thinking the wheels of the economy are fine. Yet silently, millions of Americans drive into mega supercenters like Wal-Mart only to wait for their monthly allotments of […]
The student loan racket – For-profit enrollment growth surged by 225 percent in last decade. For-profits live off the 85 percent of revenues they receive from the government and filter out to their Wall Street owners.
The loud commotion you hear rattling the global economy is the massive debt bubble imploding. A few notable economists have stated that too much debt is reached simply when the public acknowledges that there is too much debt. To this point the public is now waking up to the reality that too much debt is […]